BNB/USD - Corrective pattern has started! 🛑
BNB is finally correcting. We seem to have topped at just under $350.
If we break the yellow parabola and the support at $240 then we will go lower. Levels on the chart.
MACD and RSI are bearish, so do not FOMO now... wait for price to find support, then you can consider a long.
Volume is also decreasing, so interest is moving away from BNB for now after such an amazing pump. Time to be patient and let the market do its thing.
Bias remains bearish for now, if we fall from the first support, we will likely explore lower levels.
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If we break the yellow parabola and the support at $240 then we will go lower. Levels on the chart.
MACD and RSI are bearish, so do not FOMO now... wait for price to find support, then you can consider a long.
Volume is also decreasing, so interest is moving away from BNB for now after such an amazing pump. Time to be patient and let the market do its thing.
Bias remains bearish for now, if we fall from the first support, we will likely explore lower levels.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
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